• Reps to investigate over N2trn AMCON Debt

    Reps to investigate over N2trn AMCON Debt

    A joint committee of the House of Representatives is to investigate the inability of the Asset Management Company of Nigeria (AMCON), to recover over two trillion Naira, it has given out to cover bank debts.

    The sponsor of the motion, Rep. Johnbull Shekarau, observed that the inability of the agency to recover this money has made it difficult for the agency to redeem a three-year zero coupon bond, it acquired from the Central Bank of Nigeria (CBN).

    The committees on Banking and […]